Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Mortgage agent

V

vascris

0
Registered
Joined
Sep 8, 2008
Messages
6
Hi,

I want to take the courses to become a mortgage agent part time (Ontario). I know I need to take some courses, exams.
Any advice, is this a bad time because of all the financial mess ?
I own 2 rental properties (triplex + condo) and I want to buy more, so the licence will be helpfull.
Is it hard to get in the business ?

Thanks a lot in advance for any advice.
 
Easily done through Seneca College.
They also offer an online course.

Not too hard a course.
 
Can`t speak for Ontario, but in BC if you want to have a big business, you`ve got some work cut out for you, especially in this market... one thing to note, is some of the smaller time subbrokers are finding other work which could increase a licensee`s market share. If you want to start off small, find a brokerage firm willing to take you on as you start building up your business, once the market turns, you`ll be fully set up and doing lots of business. Cheers!
 
I have gotten into the business this month.
The online course mentioned at Seneca College is not that difficult but you are required to pass the final exam. The online course cost $289 and the class room course is $229 with an additional charge of $183 for text book and financial calculator. Truth be told, I learned more about mortgages at the REIN meetings then I did in the course.

To get your license you need to be sponsored by a mortgage agent. This is where most people run into trouble. Fortunately I joined with the mortgage broker I was dealing with. They have access to all A lenders, B lenders and unlimited private financing so we are able to get creative in solving financing requests and we get some interesting ones.

It could be worth your while. Now the easy deals are far and few. It is a lot of people phoning in needing refinancing. Good luck if you go a head with the course and feel free to contact me if you need any assistance.

Regards,
Ramon Forgiel
 
QUOTE (rforgiel @ Jan 10 2009, 06:27 PM) I have gotten into the business this month.
The online course mentioned at Seneca College is not that difficult but you are required to pass the final exam. The online course cost $289 and the class room course is $229 with an additional charge of $183 for text book and financial calculator. Truth be told, I learned more about mortgages at the REIN meetings then I did in the course.

To get your license you need to be sponsored by a mortgage agent. This is where most people run into trouble. Fortunately I joined with the mortgage broker I was dealing with. They have access to all A lenders, B lenders and unlimited private financing so we are able to get creative in solving financing requests and we get some interesting ones.

It could be worth your while. Now the easy deals are far and few. It is a lot of people phoning in needing refinancing. Good luck if you go a head with the course and feel free to contact me if you need any assistance.

Regards,
Ramon Forgiel
 
Thanks a lot for the replies guys !!!
Looks like I will register for the online course at Seneca College (online). This is what I had in mind to start part-time and small, as I have a full time job and I know the market is slow now.
I`ve seen some adds from brokers who will accept new agents (with no experience)
Will see where this can take me, I want to be able to do the financing/move to bigger apartment rental buildings, I hope this will give me an advantage (re what I need to me to get financing)
 
Hi,

Are you working full time for the brokerage ?

QUOTE (rforgiel @ Jan 10 2009, 06:27 PM) I have gotten into the business this month.
The online course mentioned at Seneca College is not that difficult but you are required to pass the final exam. The online course cost $289 and the class room course is $229 with an additional charge of $183 for text book and financial calculator. Truth be told, I learned more about mortgages at the REIN meetings then I did in the course.

To get your license you need to be sponsored by a mortgage agent. This is where most people run into trouble. Fortunately I joined with the mortgage broker I was dealing with. They have access to all A lenders, B lenders and unlimited private financing so we are able to get creative in solving financing requests and we get some interesting ones.

It could be worth your while. Now the easy deals are far and few. It is a lot of people phoning in needing refinancing. Good luck if you go a head with the course and feel free to contact me if you need any assistance.

Regards,
Ramon Forgiel
 
QUOTE (vascris @ Jan 12 2009, 11:46 AM) Hi,

Are you working full time for the brokerage ?

I working for myself as a manufacturers rep. That has slowly been winding down so I plan to go at the mortgage brokering side full time.

Good luck with the course. I am sure you will do fine.
 
I know I probably won't get a reply here since it's been more than 10 years, but Ironically, the market seems to have come down again.
I also registered for a mortgage agent course with REMIC.
Any advice on this career?
Thanks
 
You must log in or register to reply here.
Back
Top Bottom